XRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.
At 00:01 UTC, just after Monday's close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since the day's open.
At press time, XRP is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 36 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $5.4 billion within that period.
Ripple has now effectively erased most of the gains seen during last year's bull run and is down 92 percent from its all-time high of $3.75. According to CoinDesk price data, XRP was trading at $0.16 cents exactly one year ago, leaving some to speculate a further drop in price.
The cryptocurrency is one of a number of networks to see declining values during the Monday session. Well-known cryptos including ether, bitcoin cash and Cardano have all seen 24-hour losses in excess of 7-12 percent.
The total market capitalization of all cryptocurrencies is down nearly $14 billion from its yesterday's top of $214.4 billion and is currently sitting just above $200 billion, CoinMarketCap data shows. #tabchain#tab#newtab#crypto#cyptocurrency#cryptonews#ripple#news#tabnews#blockchain#blockchainnews#money#xpr#bitcoin#bitcoins#bitcoinnews#bitcoinprice#bitcoinbillionaire#bitcoincash#bitcointrading#bitcoinexchange#bitcoinvalue#cryptotrading#cryptocoin#cryptolife#ethereum#ripple#Coinmarketcap

A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football.
Called the Crown League, the project's owner told CoinDesk on Tuesday that it seeks to form a professional fantasy football league, with 12 teams initially, which will collectively be owned by fans via the platform's crypto tokens. In some respects, the league will act like other fantasy leagues, but it differs in being a single, unified entity operated by professional managers and owned by the general public.
Dan Nissanoff, chief executive of CrownThrown Inc. – the company behind the Crown League – told CoinDesk that fantasy football at present is "incredibly fragmented." "Nobody cares about other teams," he said. This is in part because "there's nothing to cover in fantasy today." "All you can do is prognosticate who you can trade, who you can start, but you're talking to millions of people who have their own teams," he explained. The Crown League seeks to unite fantasy fans by giving them shared ownership of a single team on a blockchain, ensuring that "for the first time you can feel like an owner." These teams will be run and staffed by actual professional game managers and front office staff, with token holders able to influence decisions within each team. Token holders will also be able to vote to hire or replace team managers. "We are going to give you access to, as a fantasy enthusiast, and there are tens of millions of them in the United States alone; we are going to give you access to the people playing at the highest level. You can follow the experts," Nissanoff told CoinDesk. #tabchain#tab#newtab#crypto#cyptocurrency#cryptonews#ripple#news#tabnews#blockchain#blockchainnews#money#xpr#bitcoin#bitcoins#bitcoinnews#bitcoinprice#bitcoinbillionaire#bitcoincash#bitcointrading#bitcoinexchange#bitcoinvalue#cryptotrading#cryptocoin#cryptolife#ethereum#ripple#Coinmarketcap